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So, Microsoft now owns Activision Blizzard. How will this affect the rest of the industry?
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Just more monopolies coming I'd wager. Disney is supposedly looking at buying EA. Microsoft and Sony have shown they both would rather buy companies and consolidate studios over how it was before.
As others have said it'll be not good for the gamer/consumer. Nor will it be good for people working in the industry.
If Microsoft and Sony get into an acquisition war, Microsoft will beat Sony out each and every time.
Microsoft just has WAY more cash, they're a much bigger company. Sony can't afford to do that.
That assumes Phil Spencer's daddy wants to spend more cloud-earned cash on toys that nobody will use. While Microsoft is undoubtedly the bigger company, Sony's revenue is much more dependant on Playstation.